Solar Panel Cost Guide in East Milton, FL (2024 Update)
- East Milton Solar Installation Cost: $13,049
- 25-Year Savings: $25,553
- Payback Period: 9.1 Years
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Average Cost of Solar Panels in East Milton
Let’s have a look at the average cost of solar panels in East Milton.
The national average cost of solar panels is $2.66 per watt, but in East Milton it’s 3 per watt.Since a 5.8-kW system is needed to cover the energy costs of a typical home in East Milton, the average price of going solar will be about $13,049 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of making the switch to solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy consumption and what installation company you go with.With typical savings of about $23,000 on power bills over 20 years, many homeowners in East Milton find installing solar panels can be quite rewarding.
To receive a free estimate from a highly rated solar installation company in East Milton, you can click the button below.
Solar savings over time in East Milton
| Year | Return on Investment |
|---|---|
| 1 years | $-11,290 |
| 3 years | $-7,771 |
| 5 years | $-4,253 |
| 7 years | $-734 |
| 9 years | $2,784 |
| 11 years | $6,303 |
| 13 years | $9,821 |
| 15 years | $13,340 |
| 17 years | $16,858 |
| 19 years | $20,377 |
| 21 years | $23,895 |
| 23 years | $27,414 |
| 25 years | $30,933 |
Top Solar Installers in East Milton
Although it's possible to install solar panels by yourself, it involves extra effort and handiness. For that reason, the majority of homeowners choose to go with a solar panel installer. Some solar companies, particularly local ones, can help you better understand incentives in East Milton, optimizing your ROI.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in East Milton
Factors that Affect Solar Panel Costs in East Milton
There are several factors that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,210. There are many different solar panel brands and the one you pick also affects the cost. In many cases, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in East Milton have solar loans, which reduce the initial cost of installing solar panels.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
Lastly, the company you get to install your solar panels can play a role in determining the cost. East Milton’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in East Milton have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.34 | $14,021 | $23,006 | 9.5 years |
| 8 kW | $3.27 | $18,336 | $31,034 | 9.3 years |
| 10 kW | $3.21 | $22,470 | $39,242 | 9.1 years |
| 12 kW | $3.15 | $26,425 | $47,630 | 8.9 years |
| 14 kW | $3.08 | $30,200 | $56,197 | 8.7 years |
| 16 kW | $3.02 | $33,795 | $64,944 | 8.6 years |
| 18 kW | $2.95 | $37,210 | $73,871 | 8.4 years |
| 20 kW | $2.89 | $40,446 | $82,978 | 8.2 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
- Contract: It’s important to read your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the cost.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's East Milton, FL Solar Cost FAQs
How much does it cost to install solar panels in East Milton?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $16,050 for a 5-kW system and $32,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in East Milton?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Is it worth going solar in East Milton?
Solar panels can be a great investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.